Company Overview

Trans India House Impex Limited (formerly IO System Limited) has filed its 38th Annual Report for FY 2025-26 and scheduled its AGM for September 25, 2026, through video conferencing as per SEBI Regulation 34(1).

Financial Performance

Standalone Financials (FY 2025-26): Revenue increased to ₹652.53 million (from ₹453.81 million), with PAT of ₹15.17 million. Consolidated Financials: Revenue reached ₹678.47 million with PAT of ₹19.27 million. The company utilized ₹49.32 crores from rights issue proceeds for working capital and corporate purposes.

Key Financial Disclosures

Financial instrument carrying values show trade receivables at ₹13.29 crore and borrowings at ₹1.74 crore as of March 31, 2026. The company has significant foreign currency exposure of ₹7.00 crore in trade receivables. Key ratios improved substantially: Current Ratio from 1.03 to 2.08 and Debt Equity Ratio from 1.61 to 0.24, attributed to management and business operation changes.

Auditor Qualifications

Statutory Auditors Manoj Acharya & Associates issued a qualified opinion citing:

  • Non-classification of creditors into MSME categories
  • Significant Q4 sales spike compared to earlier months
  • Pending balance confirmations from trade debtors
  • ₹60.50 crore income tax demand for AY 2024-25 under appeal

AGM and Corporate Governance

The 38th AGM includes special business resolutions seeking shareholder approval for material related party transactions with four entities (Upwise Business Consultants, Trans India Ecofuel, Trans Infra Biz Buildcon, TIHIL IDA Group), each with limits up to ₹50 crores per transaction. The company maintains proper committees and governance structures.

Risk Management

The company faces foreign exchange risk with unhedged exposures, where a 2% rate change would impact pre-tax profit by ₹14.01 million. Credit risk primarily stems from loans, while liquidity risk is managed through working capital of ₹718.10 million.

Related Party Transactions

Disclosures include transactions with 14 related parties, including directors, KMPs, and associated entities. Significant balances exist with Esportare India (₹17.46 million), Trans Infra Biz Buildcon (₹-10.31 million), and IDA Impex (₹6.38 million).

Capital Structure

Authorized share capital increased from ₹60 crores to ₹72 crores. The rights issue raised ₹49.38 crores through 3.55 crore equity shares at ₹13.90 per share. Post-issue paid-up capital stands at ₹71.05 crores with 99.26% dematerialization.